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Banking & Finance
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Saco-based credit union gets green light to expand
September 18, 2024PeoplesChoice Credit Union, currently open to members in Cumberland and York counties, has secured regulatory approval to add seven other counties to its field of membership.
September 18, 2024
Katahdin Trust names senior credit officer based at the Scarborough branch
Updated: September 17, 2024Katahdin Bankshares Corp., the Houlton-based parent company of Katahdin Trust Co., has hired Michelle Ritcheson as senior vice president and senior credit officer.
Updated: September 17, 2024
With Camden National deal and others in the works, bank mergers seen to be picking up
Updated: September 12, 2024One banking analyst tells Mainebiz he expects 'the momentum for mergers and acquisitions to accelerate over the next 18 to 24 months.'
Updated: September 12, 2024
Kennebunk Savings elects board chair with business experience on land and sea
Updated: September 11, 2024Lori Howell, a lawyer and co-owner of a shellfish company in Eliot, will lead the board after serving as vice chair since 2021.
Updated: September 11, 2024
With commercial loan growth in mind, Franklin Savings promotes underwriting officer
September 10, 2024Franklin Savings, which operates eight branches in Maine, has promoted Christopher Raymond to commercial underwriting officer.
September 10, 2024
Camden National to bolster NH presence with $86.6M deal for North Conway-based bank
September 10, 2024If approved by regulators, the deal for Northway Bank will give Camden National a total of 74 branches in Maine and New Hampshire.
September 10, 2024
Franklin Savings Bank makes promotion to executive VP, chief lending officer
September 5, 2024Franklin Savings Bank, which operates eight branches in Maine, has promoted Derek Hayes to executive vice president chief lending officer.
September 5, 2024Norway Savings Bank donates $5,000 to Norway Equitable Housing Cooperative
Updated: September 23, 2024The goal is to have 17 affordable, resident-owned housing units in downtown Norway available for area workers and their families.
Updated: September 23, 2024
First National donates $20,000 to Tedford Housing toward new emergency shelter
Updated: September 9, 2024On just over three acres, the building will increase shelter capacity by 60% and support case management and community resources.
Updated: September 9, 2024
Check fraud scheme lands Portland man in prison
September 3, 2024Paul Logugune, 22, was sentenced to 30 months in jail for conspiracy to commit bank fraud and aggravated identity theft.
September 3, 2024
Bangor Savings Bank names SVP and controller
August 30, 2024Bangor Savings Bank has expanded its leadership team with the hiring of Bob Williams as senior vice president and controller.
August 30, 2024Newsworthy people and performances for Sept. 2, 2024
Updated: September 2, 2024A roundup of new hires, promotions and achievements at businesses, nonprofits, professional services firms and health care institutions around Maine.
Updated: September 2, 2024
A historic gathering space and 'tea house' in Hollis gets help from a local bank
August 28, 2024Norway Savings Bank donated $1,000 to Saco River Theatre to help the group raise funds necessary to relocate the Indian Cellar Historic Tea House in Hollis.
August 28, 2024
The County FCU hires CFO with a diverse accounting background
August 28, 2024The County Federal Credit Union has hired Tony Lahey as its next chief financial officer.
August 28, 2024
Rural lessons: Maine CEOs talk about what they learned growing up in a small town
August 25, 2024Growing up in rural Maine offers lessons you can’t buy in an MBA program or gain in the boardroom, say three of the state's prominent business leaders.
August 25, 2024
University Credit Union enters Saco market with US Route 1 building acquisition
Updated: August 26, 2024This will be the credit union's first entry into the Saco market. The intention is to use the space for existing loan operations center in Scarborough and as a retail presence with video teller technology.
Updated: August 26, 2024
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